A report reveals R100 in 2000 is now worth R385 in 2026, with food prices soaring over 500%, driven by fuel costs and inflation impacting South African households.
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German airline Discover's pilots to strike
Pilots with the German airline Discover, a subsidiary of Lufthansa, announced they would stage a fresh 48-hour strike from Monday, accusing management of refusing to respect collective agreements. Discover Airlines, which until last September was known as Eurowings Discover, is part of the Lufthansa group and employs 2,000 people.
Shipper CMA CGM suspends Red Sea transit again
French maritime transporter CMA CGM has again suspended the transit by its vessels of the Red Sea, where Iran-backed Yemeni rebels have targeted numerous ships, a source told AFP on Friday. The decision, taken on Friday, halts the use of the key transit route until further notice in order to "not take any risks" with its crews and vessels, said the source.
Lower profits at US oil giants still mighty enough for big investor payouts
ExxonMobil and Chevron reported lower but still strong profits Friday as they push ahead with hefty shareholder payouts and major acquisitions. "In 2023, we returned more cash to shareholders and produced more oil and natural gas than any year in the company's history," said Chevron Chief Executive Mike Wirth of an 18 percent jump in payouts to $26 billion.
UK judge dismisses Greta Thunberg protest case
A London court threw out a public order case on Friday against climate activist Greta Thunberg and four other protesters, with the judge criticising "unlawful" conditions imposed by police when they were arrested.
US jobs market defies expectations of January slowdown
The US labor market smashed expectations last month in a surprise hiring pick-up, government data showed Friday, with a resilient jobs market likely good news for President Joe Biden in election year. The strong start this year signals that the labor market is set to continue bolstering the economy.
German MPs approve controversial 2024 budget
Germany's parliament on Friday approved a revised 2024 budget that will reinstate strict debt limits after a shock legal ruling forced Chancellor Olaf Scholz to redraw his spending plans. The ruling tore a 17-billion-euro hole in the government's 2024 finance plans.
Hit them in the pocket: how cities are going after SUVs
Two decades after London began moves to clamp down on sports utility vehicles, Parisians on Sunday will vote on whether to squeeze the gas-guzzlers out of town by tripling their parking fees. Parking charges in London and in other councils, including Bath and North East Somerset, have also introduced emissions-based parking fees. eab/cb/sjw/gil
Public transport walkout hits strike-battered Germany
Public transport workers across Germany walked off the job on Friday in the latest industrial action to buffet Europe's top economy. The strike came one day after security staff at 11 German airports walked off the job, leading to the cancellation of 1,100 flights amid a spate of industrial action and protests to hit commuters in the last weeks.
China economic slowdown to persist through 2028: IMF
China's economic slowdown is likely to persist in the coming years as the Asian giant struggles with sagging productivity and a rapidly aging population, the International Monetary Fund (IMF) said Friday.
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